Things are incredibly rough when a six-figure income still leaves you hunting for bargains on everyday essentials. Dollar General (DG) CEO Todd Vasos said this pressure is reaching shoppers earning $100,000 or more, extending beyond the chain’s traditional lower-income customers and raising questions about how much a familiar salary milestone offers financial breathing room. The
Americans want meals that make them feel good, both from the comforting nature of the food and a price that avoids the feeling of spending money they don’t have. “Comfort and value are the twin pillars shaping America’s menus right now,” said Chad Moutray, chief economist for the National Restaurant Association. “Consumers are seeking meals
The Campbell’s Company has had a rough few years, and its top executives aren’t pretending otherwise. Valued at a market cap of $6.2 billion, Campbell’s stock is down more than 60% in the past decade. The soup and snack maker behind Goldfish, Rao’s, and Prego recently confirmed a dividend cut, a larger cost-saving program, plant
You let your iPhone in the door a long time ago. It holds your calendar, it knows who you talk to and how often, and it has a pretty good idea of what a normal Tuesday looks like for you. For most people, that stopped feeling like a decision years ago. Apple’s new CEO, John
While the high costs of aviation will regularly take down even established carriers, some airlines run to the ground financially before they even take off. Envisioned as the world’s first zero-emission regional airline by British green investor Dale Vince, Ecojet Airlines entered voluntary liquidation, or the British equivalent of a Chapter 7 bankruptcy, in January
When you operate a business, it costs you money to not be open. You still pay rent and utilities even when you’re closed. Because of that, back in my toy store general manager days, I tried very hard to keep the store open profitabliy as much as possible, That didn’t just mean opening the doors
Consumers in the United States often view convenience stores as essential, fast-service stops for drinks, snacks and fuel. Moreover, the latest industry data shows that these stores are becoming direct competition to fast-food chains, offering fresh meals and premium coffee. However, at the same time their skepticism around fresh food safety at these stores is
T-Mobile and Verizon have been gaining momentum in attracting new internet customers; however, competition has just intensified with a new rival in the broadband market. In recent months, both companies have benefited from a growing trend of consumers switching from traditional internet services offered by cable operators to lower-priced fixed wireless and fiber internet offerings
While artificial intelligence (AI) has infiltrated our search results, impacted customer service with mixed results, and touched our lives in lots of minor ways, its impact hasn’t changed most people’s everyday lives. And while many people fear an AI-driven Terminator-style apocalyptic future, that hasn’t happened quite yet either. In reality, much of the impact of
For months, economists and retailers have warned about the financial strain facing lower- and middle-income consumers. Higher earners, on the other hand, have largely been sheltered from the effects of the rising costs of living. But that may be changing. A growing number of CEOs and industry insiders, from retailers as varied as Walmart and